Income Tax (Trading and Other Income) Act 2005 section 167

Site preparation expenditure: supplementary

Section 167 provides the key definitions used in the waste disposal site rules (sections 165 and 166) and explains how pre-trading expenditure is treated for those purposes.

• "Site preparation expenditure" means costs incurred in preparing a waste disposal site for the deposit of waste materials.
• "Waste disposal licence" covers a range of environmental permits and licences under UK legislation, including those for radioactive waste and nuclear sites.
• "Waste disposal site" means a site used, or intended to be used, for disposing of waste materials by depositing them on the site.
• Pre-trading expenditure incurred for the purposes of a waste disposal trade is treated as though it were incurred on the date the trade begins and in the course of carrying it on.